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not need any of this. >> no doubt. congresswoman, thank you for your time tonight. carolyn mccarthy with us here on "the ed show." and that is "the ed show." i'm ed schultz. "the rachel maddow" show starts right now. >> thanks. there is a lot to get to this hour, including news about potential gun law reforms and the continuing reaction to the newtown, connecticut, school massacre there. is some surprising news out of michigan on that issue today that we're going to be getting to. there is news about who is going to be in the united states senate in this next congress. we found out yesterday who is being tapped to replace senator jim demint, who is leaving the senate. we also found out yesterday who might replace john kerry if he leaves the senate to be secretary of state. we found out today who is the odds-on favorite to replace long-time hawaii senator daniel inouye, who died yesterday. we've got all that news ahead. >>> but we begin tonight with something that is an important story in its own terms. but for those of us at msnbc and nbc news, it is also an incredibly emotional thing. and
. and that is a fact that the right is not willing to concede. and that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >> good evening, americans, and welcome to "the ed show" from new york. the time for common sense gun safety is right now. the country's focused on it. tonight i'll ask a pro-gun republican lawmaker why there is a holdup. this is "the ed show." let's get to work. >> let's go down the path of banning the assault weapon. i think there is a better chance to do that now than ever. >> the gun debate heats up on capitol hill. the president comes out for an assault weapons ban. and the nra makes their first statement following the newtown massacre. tonight republican congressman jack kingston of georgia is here to define his party's message on assault weapons. and congresswoman carolyn mccarthy reacts to the president's statement. >>> social security is officially on the table in fiscal cliff negotiations. david cay johnston tells me if there is any way that makes any sense. >>> and senator bernie sanders on how progressives intend to fight. p
at theatlantic.com. thanks for joining us. we will take you live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has agreed to s. res. 624, relative to the death of the honorable daniel k. inouye, senator from the state of ohio. -- hawaii. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority l
an assault weapon ban that bans 35 different weapons. the weapon used was not an assault weapon, therefore it wasn't banned. >> the definition of assault weapons has been gamed by the gun lobby in the service of the gunmakers, no doubt. if the bushmaster rifle with 30 rounds per clip doesn't qualify as an assault weapon, the term "assault weapon" in my opinion is absolutely meaningless. i wanted to get some answers from congressman kingston. so i had an opportunity to visit with him earlier today. >> congressman, good to have you on "the ed show" tonight. i appreciate your time. >> well, thank you, ed. sad times. >> we're having quite a debate in this country about gun control, obviously. and there is questions of bans coming up in the senate. senator feinstein says she is going to reintroduce the assault weapons ban. as it stands, could you go along with that? >> well, i would have to see what she has in mind. and as you know, the ar-15 that was used in this unfortunate tragedy was not considered an assault weapon. and i don't know if she would put that in there. it only shoots one round
that u.s. lawmakers will have a deal. we are kind of to the downside. with that, i will send it back to you guys. dagen: what can we expect volume to look like? >> typically, any traders take the week off. a couple of days off. you have a lower volume. yesterday, there was a lot of conviction. volume was up considerably based on the one-week average. it has been a little bit better than usual. dagen: thank you so much, lauren. we will give people comments when they start. the white house saying president obama will veto the gop's plan b for the fiscal cliff saying it does not meet balance. douglas holtz aiken, former director of the budget office, joining us with more. if not now, then when the heck? >> hopefully by december 31. i think it is very important for us to avoid going over the fiscal cliff. all bad news for americans. you like to think that they are getting closer to gather. the fact that the white house rejected a plan b is not good. dagen: $1 trillion raised in revenue by congressman boehner's plan. that is pretty close, is it not remark it is true that the numbers have
. >> absolutely. >> eliot: robert reich professor at u.c. berkeley. thank you for joining us. >> thanks, eliot. >> eliot: that's "viewpoint" for tonight. have a great [ ♪ theme ♪ ] >> bill: hey, hey, hello everybody. it is tuesday. >> >> bill: hey, everybody. wednesday morning, december 19th. good to see you today. welcome to the "full-court press" here on current tv coming to you live from our nation's capitol with all of the big stories of the day all of the big news of the day on the fiscal cliff front and on the gun control front as well as what's happening in syria and other news around the current tree and around the globe. we will take your calls at 866-55-press. the president has made a big compromise, raising the tax cuts to the first $400,000 dropping the payroll tax holiday and, get this cutting social security benefits. wait a minute. i thought social security was not going to be on the table. he promised us that. has the president sold us down the river already? 0, man. lots to talk about. but first, we get the latest. today's c
to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: how about that? it is called detroit, a grinning when the -- a grammy-winning jazz artists. he worked with the late great miles davis. in just a bit, another special performance. marcus miller, i am delighted to see you. >> i know exactly what you mean. tavis: the last time we talked was on my radio program, and you took off to go to europe. i am at my house on line and a headline pops up that says marcus miller in fatal switzerland bus crash. i am at my house, and i screamed. i had just talked to you, i had seen you days prior. i could not believe you had died in a bus crash. the driver of the bus did die. what was going on in switzerland. >> we had just finished and monte carlo, the jazz festival. at the show, we had a long trek to holland. that is about 3:00, 4:00 in the morning. i am starting to come up, and i feel like it is vertigo. the impact causes the bus to fall on its side. from all the people here, crashing into people,
shadowbrook due to downed wires until 10:30, use again arbor to get around. westbound 580 at basco slowing before the scene lane three blocked. >>> breaking news in the south bay. police and arson investigator on the scene of a home in campbell where firefighters were called for a fire around 5 -- around 1 a.m., inside side a storage room they found a body. terry mcsweeney is there getting the latest information. he will have a live report@v at about 6:30. >>> police agencies in san jose investigating a 911 call about a person with a gun that brought major police action to city college of san jose last night. video shows a s.w.a.t. team going floor by floor searching the locked down campus. several hours of searching, nobody was found, students were released. they say it was scary considering the shooting spree that played out last week in connecticut. police say they aren't sure if the report was a hoax or not. the caller was reporting someone else had seen a gun. >>> developing news, i-5 closed to all northbound traffic north of reading. in the last hour, we learned, 75 vehicles were in
and hawaii. that's he humility he showed his entire life. there was no staff there just the two of us. we talked for an hour. i would always remember -- having passed away yesterday, it will be imbedded in my mind. as we left, we both thought about fact we had not been able to sit down and talk like that enough. he professed at that time -- his words -- how lucky he has been his whole life. he said i got at emphysema now. i said, not from smoking. he said, i learn to smoke in the war as a boy. he smoked from 1944 to 1967. he told me he had lung cancer. but they were wrong. they took part of his lung out. he talked about how lucky he had been with surviving what he fought with lung can certification but how lucky he had been his while life, for example, the war. i'm sure people would not reflect on his massive injuries as being lucky. butth but he considered he was lucky to have lived. he had been called upon with three other people, three other soldiers, to cross a river in the dark of night, to find out what was going on, on the other side of the river, and he and his three companions, i
room by room with painstaking detail. using photos taken inside the school, they're creating a carbon copy of each classroom from what was on the walls, right down to the crayon left in the desk. exactly as it was friday when the school day was savagely cut short. but what if creating that exact environment only triggers the trauma again? >> it might for some kids. it might be a bit wedge. >> reporter: dr. jamie howard is a child psychologist who specializes in post traumatic stress. >> we do try to expose kids to triggers of the trauma because avoiding triggers or avoiding things that remind kids of trauma, and grown-ups, too, just serves to maintain the anxiety. >> reporter: they're ripping out toilets designed for middle schoolers and installing new bathrooms better suited for grade schoolers, hoping to reopen after winter break. why are they in such a hurry? >> it's really important to maintain routines as quickly as possible. that's actually very comforting and very reassuring to kids. >> reporter: there are no rules on how to return a school to normal after such a heinous act. i
pushed by the out set from those that wanted us to overthrow the iraq government and install themselves in baghdad. they got their way after a less informed president was george w. the kagans have been right there in the room with the the head of the afghan mission today advising him every step of the way. why? why did general patraeus assume the right to allow the people to advise him? what agenda was he seeking here? what was he buying into? why was he buying the hawkish agenda of those who advocated war in iraq in the first place. if so, why was he working for president obama who stood out there against that war. i have to think that patraeus doesn't understand politics or ideology or he shapes his ideology or accepts the ideology of those who stood against obama from the beginning. this is really strange. someone in the administration better start paying attention to who was getting into the tent and who they are indeed working for. backing the iraq war in the mentality behind it is no small thing. and that's "hardball" for now. thanks for being with us. politics nation w
of us who had the privilege to serve with you. i hope and i pray that god will give you and your wife many, many more years of life and enjoyment because you have certainly earned it, because you have served not only the united states house of representatives, but you have served us, you have served the people of our districts as well as helping us be better members of congress. so with that i will close by asking god to please bless you and your family and may god continue to bless the house of representatives and jay pearson, you will be in our hearts until the day we die. god bless you. . mr. woodall: at this time, it's migrate pleasure to yield the gentleman from california, chairman of the ways and means health subcommittee, mr. herger. mr. herger: i thank my good friend. how wonderful it is to be able to sit here and listen to all these incredibly warm remarks from people who, like myself, know and love jay pearson. and there's a reason for that. jay, you're one of the best of the best. and i think, it's hard to believe that 26 years comes and goes so very, very quickly, but it
you very much for taking the time. >> thank you. >> thank you very much for joining us today, michael johnson, the ceo of herbalife. the markets are currently sitting around the lows of the day as we speak. the dow down by about 56 points, and that is it for "street signs" today. "closing bell" is coming up next. >> hi, everybody. good afternoon. we enter the final stretch and welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria
, as tragic as it is, brings us a little closer together both in the nation and in washington, that would be a good thing. >> all right. top of the hour. good morning. 6:00 on the east coast, it's wednesday, december 19th. christmas is almost here. >> very respectful dialogue. the nra had a respectful statement. i think a lot of people showing respect on this. >> feel something may be be happening. >> feel some grown-ups, maybe. there are, of course, exceptions. >> there are a few. we have mike barnicle with us. you're not an exception. beautiful piece in "the daily news" today. we'll read that in must read. thank you very much. former treasury officials. mark ratner is with us as well. he has a must read. i'm serious. >> beautiful. >> also in washington, washington anchor for "bbc world news america" katty kay. >> no pieces, sorry. >> you'll write one next time. thank you. so we've got a lot to get to this morning. >> a lot to talk about today. >> those exceptions, what are you talking about? >> just in the conversation about everything you thought there were two exceptions. >> rick perr
of omission that would leave us open to foreign attack and invasion. tragically, we can't say the same about attacks on the country's domestic tranquility. what has the congress done to protect the country? nothing. and here's the question. when will we refuse as citizens to settle for, accept, live with a congress that fails to act in the face of such a demonstrated vulnerability? if not now, after this, when? next week? next month? next year? next what? and if not us, who in this world is going to demand action to protect americans? joining me now is u.s. senator dick durbin of illinois. i want to read something from you which is very impressive, and it's in the op-ed pages of "the chicago tribune." quote, what holds us back are political organizations that are well-funded, well-organized, and determined to resist even reasonable limitations. there's a close political parallel between the gridlock in washington on dealing with our economy and national debt and the eerie silence in congress as the list of horrific gun crimes grows by the day. senator durbin, thank you. i know you have got a
, a disgraceful farce. shame on us and the media to allow them to continue the scam unchallenged. gary says "more stone walling on ben gi sai? we'll never know the truth, will we?" i think we will. it may take time, but we will. with us.l for us tonight. good night from new york. neil: wheeling and dealing, ad despite the shouting back and forth, that says a fiscal cliff deal is coming. that's the good news. now, the bad news. it won't remotely tackle spending of the it is not what they are saying. it is what big spenders are promoting in a youtube video that's gone viral. i want you to ignore everything that you've been hearing out of washington today because i think at the end, it means nothing. focus on this video because i think it's going to tell you everything. take a look. >> to begin the benefit finder, first answer all of the nine simple core questions that are essential to narrowing you results. you will find a program description, general requirements, and your next steps on how nd where you can apply. receiving the latest benefit information has never been easier. we hope this tutoria
later, we will discuss the recent increase in u.s. manufacturing. we will also take your calls, e- mails and tweets. "washington journal" is next. host: good morning, it's wednesday, december 19, 2012. the white house has thrown its support behind several gun- control measures on tuesday in the wake of the shooting rampage in newtown, connecticut. a state department inquiry into the september 11 terror attack in benghazi, libya, criticized the agency harshly for inadequate security that -- but specificrecommend signi individuals. and we begin today in on the details of john boehner's plan to avoid the fiscal cliff. we want to hear from you. how optimistic are you that a compromise can still be reached before the end of the year? give us a call -- and you can get up with us on all your social media web sites on facebook and twitter, or e- mail us. a very good morning to you. i want to take you to the lead story in today's washington post. that was today's washington post. here's the headlines from "politico" today. i want to take you to speaker john boehner's comments on the state
not cleared the scene. we are waiting for a special person to give us more information. once we do, we will update you. nick smith, abc7 news. >>> president obama has set a deadline for gun control recommendations and he's not wasting time. other high profile calls to action out of washington today in the wake of the deadly connecticut school tragedy. katie marzullo is live in the newsroom. >> reporter: lawmakers are asking for everything from military protection on school campuses to bans on weapons and ammunition. a single message of safety from many voices. with 20 elementary school children and six educators shot to death with a semi-automatic rifle in connecticut, president obama is taking steps to reduce gun violence. >> the president: i've asked the vice president to lead an effort to includes members of my cabinet and outside organizations to come up with a set of concrete proposals, no later than january, propose 5s that i intend to push without delay. -- >> reporter: lawmakers made their own proposals, nancy pelosi and fellow house democrats are calling for the swift passage
your world in 90 seconds. >> a scathing new report about the deadly september attack on the u.s. consulate in benghazi, libya. >> an independent panel slams the state department. >> an independent review board says security was grossly inadequate and that leadership failures at the state department are to blame. >> secretary of state hillary clinton sent a letter to lawmakers saying she accepts all of the recommendations. >> today funerals will be held for four more victims of the tragedy in newtown including teacher victoria soto who tried to protect her children from adam lanza's wrath. >> is this tragedy a tipping point on the issue of gun control? >> i honestly don't understand why you would rather have people be victims of a crime than be able to defend themselves. it's incomprehensible. >> you're an unbelievably stupid man, aren't you? >> our plan "b" would protect american taxpayers who make $1 million or less. >> 13 days from the fiscal cliff. democrats saying plan "b" is doa. >> boehner's proposal will not pass the senate. >> huge winter storm stretching from colorado t
lieberman, the democrat turned independent reflects on the tragedy in his home state and his 24 years in u.s. senate. >> there is reason for people to be angry skeptical and cynical about the willingness or capacity of congress to act or stop mass violence in our country. >> woodruff: and kwame holman remembers conservative jurist former solicitor general and failed supreme court nominee robert h. bork. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> support also comes from >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the school shootings that shook the nation sparked a new call to action at the white house today. the president vowed to have proposals ready for the new congress that convenes next month. somber scenes of mourning played out once again today in newtown, connecticut. while in washington, president obama walked into the
and esther solar for giving us this beautiful space to meet in today. is esther here? i haven't seen her. we'll thank her later. they made this space available for us. good morning, my name is me linda hague for those of you who don't know me. i was appointed by president obama a little more than two years ago to be united states attorney and it is my incredible honor to represent the president, the obama administration here in the northern district of california. welcome to the stop bullying summit. i'm a federal prosecutor so it may seem odd that here we are talking about bullying and we asked all of you to be here and i want to explain the origin of that and why this happened. you people, everybody in this room, has been involved in this issue and is doing incredible work on this issue and we were so honored to be a part of it and to meet with all of you and to speak with you about it. the origin is that as the united states attorney, the administration wants me, wants all the united states attorneys, to go out into the community. it's actually a very different role for the unite
side, us, us that have been trying to fight to reduce gun violence in this country. are we going to wait for another massacre? are we going to have this discussion six months, another year, 12, at 13, 20, 100 people die? we cannot wait any more. >> do your congress member carolyn mccarthy lost her husband 19 years ago and the long island rail road massacre. her son was gravely wounded. she's become a leading advocate for gun control as pro-gun politicians and lobbyists fall silent. there is a seismic shift that could lead to gun control legislation. we will ask her. then we look at the fight to save social security as negotiations of the so-called fiscal cliff intensified. >> i do believe the opportunity is there, the parameters of the deal are clear, the path to a compromise is clear. and he hopes the republicans will meet him on that path and do something that would be very good for the american people, for the middle class, and our economy. >> we will speak with arizona congressmember are raul grijalva on his opposition to president obama's plan to cut more from social securit
sold every year including the one that was used in the newtown massacre. the california teacher a pension fund has about $751 million invested in the company that is responsible for that, cerberus. late yesterday a spokesman for the fund told the sacramento beat that the pension fund was considering pulling its investment out of cerberus, saying "events that occurred in connecticut are a wakeup call to re-examine our investments." the california teacher's pension fund has a lot of money for those investments. $155 billion overall to be exact. remember $751 million of that is with cerberus. so facing that kind of clout cerberus announced at 1:00 a.m. this morning that it would sell freedom group and it would return the proceeds to investors. the company said -- cerberus said "it is apparent that the sandy hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. as a firm, we are investors not statesmen or policymakers. our role is to make investments on behal
enough time discussing ways to help them assimilate into civilian life. as the son of a u.s. air force veteran who spent 31 years in the air force, i'm acutely aware, as coul kay is, that it t just those that wear the uniform that serve, but their families as well. many returning vets and their families encounter a whole range of social and economic hardships that can be hard to overcome. most notably, the unemployment rate among our returning vets from afghanistan and iraq is significantly higher than for the general population, something i know kay has worked on extensively. she's also worked to get our veterans the medical assistance, the job training and the financial support they need. indeed, i don't know of any senator that's done more to help america's heroes adjust to life after the military. that's just one of the reasons why she will be sorely missed. here's another reason, though: kay has fought time and time again to promote tax relief for hardworking texas families. in thehooin the mid-1990's, shed create the so-called homemaker ira to make sure that stay-at-home moms and
stop believing, you stotch receiving. this marine adam said he believes. nweet them to us at fox and friends. that's it for us we leave you with an incredible rendition of carol of the bells this from the mobile spectacular. ♪ ♪ >> gretchen: good morning, everybody. it is wednesday december 19th. a folks news exclusive. new clues on a possible motive in the mass murder in connecticut, what the shooter's mom did that may have made him snap. we are live in newtown with the latest. >> steve: while you were sleeping the information on the benghazi embassy were released. we blew it. at least washington d. >> brian: state department i guess. think it is it acward when mom tried to find you on facebook. being poked by the ayatollah of iran. fox and friends starts right now. ♪ fox and friends. >> steve: the poking on facebook is a weird thing. you - on poke >> gretchen: poking? >> steve: you know what all of the people in the world are doing. >> gretchen: i can poke in different ways. i guess i will figure it out in facebook, too. 92 pokemon. in serious news, a report released on
kids. >> the president reiterated that he'll use whatever powers his office holds to prevent another tragedy like newtown. and his choice of vice president biden signals a robust effort to confront america's foremost gun lobbyists. >> the nra is an organization that has members who are mothers and fathers. and i would expect that they've been impacted by this as well. and hopefully they'll do some self-reflection. >> indeed. self-reflection is something joe biden's recommended as well. confronted by a particularly zealous gun advocate during the youtube presidential debate in 2011. >> tell me your position on gun control as myself and other americans really want to know if our babies are safe. this is my baby. purchased under the 1994 gun ban. >> i tell you what, if that's his baby. he needs help. i think he just made an admission against self-interest. i don't know that he's mentally qualified to own that gun. >> the vice president went on to deliver an em passioned defense of gun control to keep citizens safe from lethal weapons falling into the wrong hands. scripting the federal a
of a task force to curb gun violence. >> if those of us who were sent here to serve the public trust can summon even one tiny iota of the courage those teachers, that principal, in newtown summoned on friday, if cooperation and common sense prevail, then i'm convinced we can make a sensible, intelligent way to make the united states of america a safer -- >> well, the president's statement gets largely overshadowed by questions about the fiscal cliff, a final question hits home. >> this is not the first issue, the first incident with horrific gun violence of your four years. where have you been? >> well, here's where i've been, jake, i've been president of the united states dealing with the worst economic crisis since the great depression, an auto industry on the verge of collapse, two wars. i don't think i've been on vacation. and, so, i think all of us have to do some reflection on how we prioritize what we do here in washington. >>> in newtown today, funerals for five of the victims, including principal dawn hochsprung and teacher victoria soto. classes will resume for sandy
to have you with us. it is 5:00 a.m. in the east. up first, systemic failures at the state department. that is a scathing conclusion of an independent review board investigating the deadly september 11th attack at the u.s. consulate in benghazi. ambassador chris stevens and three other americans were killed that day. the panel finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say o
the construction of this project, this organization known as the mta has been using lies, trickery and deception to economically terrorize the chinatown and north beach business communities by limiting consumer accessibility, by using the construction blockade the mta has been committing larceny against these business communities and will curtail them from enjoying the economic boom from the america's cup. as we all know, this public hearing is a formality. the decision to approve this project has already been made prior to this hearing. it is a huge waste of money because you could have just run rails up concern i street instead. the polls are still there where the 16th streetcar were. for what? so you can be reliable for the deaths in an earthquake in a project that uses flawed engineering [speaker not understood]? how can you sleep when you know you pushed the mayor's agenda in chinatown and north beach just as was done in the bayview and hunters point with the t-third? since the mta has decided to approve this project, it is time for the citizens of san francisco to abolish this board by put
is specifically looking to buy the ar 15, the semiautomatic rifle similar to the one used in connecticut and he is not alone. demand for the weapon here is driving $1,000 price tag. >> all the prices are really high. they're really high on these guns right now. they're not going to budget on the prices because they're going to be sold. >> are you going to buy anyway? >> i probably will. >> a recent spike in sales reported in stores across the country add emphasis so what is already a record sales year in the u.s. last year the fbi conducted a record 16 million 450,000 background checks and this year the total so far is over 16,800,000, and that doesn't include the month of december. future legislation could affect availability of certain semiautomatic weapons, features on the guns, and the magazines that hold large numbers of rounds. without specifics store president tom dietz says any gun owner could feel vulnerable. >> how it will be implemented, will the existing rifles in the marketplace be legal or would they go across the board and make everything that people have previously purchased ill
for our great country. the other forces? the transports, banks, u.s. treasury bonds and gold. first, you know i like to watch the transports as a measurement of economic activity. you know it has to be shipped somewhere to be sold. that is why i follow the transports so closely. when they are going up it means there is more commerce happening than thought. planes, trains, truckers and shippers going higher, that above all, is a terrific predictor of growth. today the transports showed signs of growth. i got more negative. a real break out. that would be a signal of a genuine expansion on the rise. the action signaling that could happen. second, the banks are now breaking out of the ranks with the transports. look at the xlf. that is a exchange trade fund. this group is moving to the upside. one that is necessary if we are going to see a legitimate and lasting recovery. it looks like it has had a big run. it is still less than half of where it was a few years ago. we will look at the trading in goldman sachs. it has been lured back to life. that is the case with bank of america. just to g
was that he talked about appealing to the american people. and obviously this is something that he's been used to doing as he's been campaigning and tried to do this on the fiscal cliff as well. he made it very clear he will be using the bully pulpit to try to persuade americans and to really sort of seize the moment of just how people have responded differently to the shooting. let me tell you, he had -- he has talked -- the white house talked and he laid out some things he would like to see in this event in the briefing room. he talked about the assault weapons ban, banning high capacity ammunition clips, closing the gun show loophole. and also you mentioned mental health, which i think is something that would be easier to push, kind of in a bipartisan fashion. the big question too is sort of what you talked about, dealing with the culture that glorifies violence. those were his words. how do you do that? that is still to be seen. >> reporter: >> what about the gun law? this is an affluent group of people. how would the white house bring the nra to the table in a very sort of high pressure t
obama is set to make a major announcement this morning. abc's pierre thomas joins us now with the very latest on this story. good morning, pierre. >> reporter: good morning, elizabeth. in just a few hours, president obama takes the first steps to make good on his vow to respond to the massacre at newtown. he will announce that he is directing major federal agencies to come up with answers to address the scourge of gun violence. this morning, after days of silence, the nra, the nation's most powerful gun lobby, announced that it will hold a press conference on friday. and they say they're prepared to make meaningful contributions so tragedies like sandy hook never happen again. are we in the precipice of a sea change? about how this nation deals with guns? >> why the hell can you buy a weapon of mass destruction? that's what it is. that's the first thing that should be gone. >> there have been 70, 70 episodes of school shootings in the united states, since 1994. good lord. really? i mean, should there be that many? >> reporter: big-city mayors and one of the nation's biggest police unio
is one of the most successful bank robbers in the chicago area in years. unafraid to wave a gun or use brute force. he stole $589,000 in a series of robberies. the feds are only recovered $56,000 of it, which means he may have access to as much as $500,000. at trial, banks had to be strapped to a chair to keep him from lashing out. >> wow. the boy is crafty. >> very crafty. >> he's good at his job. >> if they are captured, which they always are, generally, they face up to an additional five years in prison. so is it really worth escaping? >> amen. freedom is a beautiful thing. >> how did they escape? five inches? >> that must have hurt squeezing out of that thing. they must be tiny. first escape at that prison since 1985. impressive when it does happen. like you said, they always get caught. >> generally. >> they'll get busted at the denny's. the capture is never impressive. >>> still to come this morning, with no explanations for adam lanza's actions, america, of course, and so many folks trying to figure out exactly why friday happened. >>> and now the debate on violent video games.
cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the same in either one. that's not -- what reid and i guess pelosi, you saw that, said she opposes the million-dollar thing. a lot of people if back on what they say. the difference would be that one is 250 and below, and
of the to u.s. patriot missile batteries as part of the nato effort to try to help protect our turkish allies against the threat of missiles from syria. even as we have asserted our strong and enduring commitment to the middle east, we are also renewing and expanding our engagement in the asia-pacific region. the core of our rebounds is modernizing our existing network of alliances and security partnerships throughout the region. and developing new security relations as well. over the past year, we reached major agreements with japan to realize our forces and jointly develop guam as a strategic hub. we afford to strengthen cooperation for the republic of korea, in space, in cyberspace, and intelligence. we begin a new marine rotational deployment to australia as well as increased air force cooperation. likewise, we are deepening our engagement and developing rotational deployment with allies and partners such as singapore and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality
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